Wall Street rallies after jobs report; Dow surges over 400 points, S&P 500 nears 20-year milestone

US stock marketsopened sharply higher on Friday following the release of stronger-than-expected April jobs data. The report showed that the economy added 177,000 jobs during the month, while the unemployment rate remained steady at 4.2 percent.The data boosted investor confidence and fuelled early gains across major indexes.Shortly after the opening bell, the Dow Jones Industrial…

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US labour market adds 177,000 jobs in April, unemployment rate holds steady at 4.2%

The US nonfarm payroll employment rose by 177,000 in April, while the unemployment rate remained unchanged at 4.2 percent, according to the latest report from the US Bureau of Labour Statistics. Employment continued to trend up in health care, transportation and warehousing, financial activities, and social assistance, although federal government employment declined as businesses navigated…

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